The Central Bureau of Investigation has registered a case against a Chief Manager of Bank of Baroda, Mandoli Branch, Delhi as also against a Private Person and other unknown persons on the allegations of conversion of black money into white during the period of demonetization. It was also alleged that the accused converted black money to the tune of Rs. 6.5 crores (approx.) to white by using different bank accounts in connivance with said Bank Manager, who violated the rules & regulations to allow such manipulation. Earlier a Joint Surprise Check was conducted by CBI along with Vigilance officials of Bank of Baroda at Mandoli Branch, Delhi wherein huge deposit in several accounts was found. These accounts were having negligible balances before the announcement of demonetization whereas, at the end of the period of demonetization, there were huge balances in such accounts. Many of such accounts were found to be non-KYC compliant too. Searches were conducted at the premises of said Bank Manager which resulted in recovery of Rs. 1.60 Lakh (approx) cash mostly in new denomination currency; Jewellery item worth  Rs. 6.50 Lakh (approx); and documents pertaining to investment in Life Insurance Policies, FDs & others in the name of accused & his family members and a locker. Further investigation is continuing.